Business
A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart.
Nigeria, Iraq agree to cut oil output
THE Organisation of Petroleum Exporting Countries (OPEC) on Saturday agreed to trim oil output by asking over-producing members Iraq and...
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9.2m SIM cards face deactivation
About 9.2 million telephone lines discovered to have been improperly registered are going to be deactivated by service providers in...
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Nigeria records N8.6tn merchandise trade in Q2 –NBS
Exports of various types of products dominated Nigeria’s trade structure as the country’s merchandise trade hits N8.6tn in the second...
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DisCos Q1 revenue collection hits N116.9billion
THE 11 dictribution companies (DisCos) collected N116.9billion from customers out of the total bill of N182.8billion in the first quarter...
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Border closure: Customs acquire gunboats, comb waterways
The Nigeria Customs Service on Thursday inaugurated two seagoing gunboats to boost its anti-smuggling capacity on waters. This followed the...
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NSE All-Share Index Inches Higher as Market Sustains Positive Performance
The Nigerian equities sustained its positive performance for the second day with the Nigerian Stock Exchange (NSE) All-Share Index (ASI)...
Read more‘Nigeria’ll abide by OPEC’s rules’
The Minister of State, Petroleum Resources, Chief Timipre Sylva, on Wednesday said the Federal Government will comply with the rules...
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Trading reverses on NSE, up by 0.39 per cent
The crucial market indices of the Nigerian Stock Exchange rebounded on Wednesday with 0.39 per cent after dropping for five...
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Lasaco seeks N11.1b new equity funds in private placement
The Board of Directors of Lasaco Assurance Plc has called for consideration of a proposal for special capital raising as...
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Onuoha: Our Target is 65 Million Customers by 2022
The Head, Business Development, Access Bank Plc, Mr. Chinedu Onuoha, in this interview, says the bank aims to grow its...
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CBN asks banks to dishonour non e-payment instructions
The Central bank of Nigeria (CBN) has mandated deposit money banks in the country to dishonour instructions from public and...
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Investors in selling spree as market loses N263bn
Investors in the nation’s stock market have embarked on a selling spree as the market lost N263bn in five consecutive...
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Fashola Expresses Doubts over BPP’s N26bn Public Contract Savings
The Minister of Works and Housing, Mr. Babatunde Fashola, has faulted a recent claim by the Bureau of Public Procurement...
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Mobile network operators’ assets in Nigeria hit N1.95 trillion
Total assets base of mobile operators in Nigeria increased by 130 per cent between 2017, and 2018, hitting N1.95 trillion...
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Trade uncertainty rising in Nigeria, says IMF
The International Monetary Fund has expressed concern over the rise in trade uncertainty in Nigeria and many other economies amid...
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Shoprite, MTN, Multichoice resume business
Business activities have resumed at various firms owned by South African nationals in Lagos. Our correspondents who went to Lekki,...
Read moreBanking sector attracted $1.89bn investment in Q2 – NBS
The banking sector of the Nigerian economy attracted a total of $1.89 billion in the second quarter of 2019. A...
Read moreSell pressure dominates market as investors lose N27.6bn
Sell pressure in the equities market dominated at the start of the week as investors counted losses totalling N27.6bn at...
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Nollywood and Nigerian music: Redefining the industry through digital distribution
Over the last three years, the entertainment sector has evolved into a more important segment of the Nigerian economy, on...
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Agusto & Co Upgrades Axxela Limited’s corporate credit rating
One of Nigeria’s foremost rating agency, Agusto & Co, has upgraded Axxela Limited’s corporate credit rating from Bbb (stable outlook) to Bbb+ (positive outlook). Speaking on...
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Investment in Bankers Acceptances nosedives by 80%
THE biting effects of slow economic growth and tighter regulation have triggered an 80 percent decline in banks’ investment in...
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Panic over fresh xenophobic protests as malls’ closure lingers
There were fears yesterday that the simmering cold relationship between Nigeria and South Africa leading to the closure of some...
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Flour mills shareholders approve N1.20k per share dividend
The shareholders of Flour Mills of Nigeria (FMN) have approved the company’s board proposal for the payment of N1.20k per...
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Excess crude account depleted by N6.48tn in seven years
Between January 2012 and December 2018, the Federal Government withdrew a whopping sum of N6.48tn from the Excess Crude Account,...
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Aircraft seating market to hit $25b
The aircraft seating market is predicted to increase from $18 billion to over $25 billion in the next seven years,...
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